Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

6. Finance Income and Costs

v3.8.0.1
6. Finance Income and Costs
12 Months Ended
Dec. 31, 2017
Analysis of income and expense [abstract]  
Finance Income and Costs

Note 6 — Finance Income and Costs

 

The details of finance income and costs on the statements of loss and comprehensive loss are as follows:

 

Finance income   2017     2016*     2015*  
Finance income from variation of fair value on interest rate swap agreements   $     $ 18,096     $ 33,558  
Other finance income     9,223       1,521       1,331  
Total finance income   $ 9,223     $ 19,617     $ 34,889  

 

Finance costs   2017     2016*     2015*  
Finance cost on note payable to underwriters and other debt   $ 2,429,551     $ 2,638,729     $ 2,913,809  
Interest expense of bank loans, revolving line of credit and finance leases     891,288       1,117,405       1,045,243  
Total finance costs   $ 3,320,839     $ 3,756,134     $ 3,959,052  

 

*   Restated for discontinued operations (see note 9 — Discontinued Operations)